Thoughts? When regulators want you to demonstrate cyber risk management, that requires an understanding of threats and vulnerabilities. How do you collect the data necessary to demonstrate risk mitigation, when no one has yet been able to correlate cause, event…
Thank you for posting Olaf Classen. One remembers the articles early in 2023, when ransomware attacks were falling, comparative to 2022. Also demonstrated by reports from the cyber insurance industry. The article demonstrates the flexibility and adaptive nature of cyber…
The cyber insurance market is without any doubt growing, growing fast and will continue to write premiums as cyber risk grows. Creating challenges for the cyber insurance and reinsurance markets, in raising capital to cover claims. But is the ILS…
The ransomware threat vector was only ever going to increase in popularity, as it moved from a specialist threat to a commoditized service. When a child can run a ransomware attack through RaaS; companies ignore cyber risk; and there are…
Thank you for posting Judy Selby. Here’s an observation. If we assume 99% of organizations are SMEs, typically the organizations that don’t or cannot afford cyber insurance. Then one could argue that the market for cyber insurance is greater than…
Thank you for posting Corey Munson. The challenge for the insured is invariably they do not know what they are paying for; the exposure that a cyber attack creates for their organisation, and whether or not they will be able…
Ted Dziekanowski, cyber insurance sits ‘right of bang’ as a risk transfer tool, supporting organisations manage cyber post incident. It is interesting to see that some from the cyber insurance industry are making it clear that â¬ÅNeither insurance nor reinsurance…
One would argue there are more than a few caveats ahead for the cyber insurance industry. While the demand for cyber insurance grow, the insurance and reinsurance industry continues to face problems in finding the capital to support claims and…
Thank you Shaun van Niekerk, CISSP. It is a bold move by AWS to enter the cyber insurance market, in a clear drive to entice customers onto the cloud platforms. There are advantages and disadvantage with cloud, cloud if done…
The White House ONCD strategy released in early March 2023 was released recognizing ‘that government must use all tools of national power in a coordinated manner to protect our national security, public safety, and economic prosperity’. The EU and Australia…
